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20121201
20121231
Search Results 0 to 6 of about 7 (some duplicates have been removed)
. with millions of americans unemployed this simply makes no sense. stephen moore, senior writer for "the wall street journal." how are you doing, steve? good morning. >> hi, bill. bill: they're saying 43,000 jobs because of this. what, a latex glove gets taxed? i thought it was just like on mri machines and big items like that? >> actually, no. thank you for doing this segment because a lot of americans don't realize when the president calls for all the new taxes in the fiscal cliff negotiation, mr. president we already have a big tax increase that will hit on january 2nd. that of course is the obamacare taxes. you mentioned one of them, the tax on medical devices and medical equipment, bill, which i agree with, congressman price. that will reduce innovation and will reduce the kind of invention and new products we need to keep people healthier. in addition to that, bill, don't forget there is something called 3.8% investment tax surcharge in the obamacare bill that starts in january. one of the things that the president says is a little misleading i will only raise tax rates back where they
. looks like we may go into january without a deal. >> stephen moore saying we're going off the cliff. we've got new details on the plan, the president's scaled-down proposal. here's what's on the table. extend the current tax rates for 98% of americans, incomes up to $250,000. extend unemployment benefits, that's an important point. extending the alternative minimum tax patch. prevents cuts in payments to doctors who treatment medicare payments. would this scaled-down proposal save us from economic disaster? >> we've done a tremendous amount of damage to ourselves, embarrassing ourselves around the world. assuring investors we're as risky as standard & poor's thought we were when they reduced our credit rating. it would be great if we could avoid sharp credit risks. restoring the unemployment insurance benefits is really important because you have millions of people who are depending on this for income. and they're going to spend that money if you give it to them and that's what the economy needs. >> absolutely right. >> wait, hold on. let me say something. that outlines that deal that y
hikes and spending cuts. joining us from washington, republican congresswoman shelly moore capito. were you privy to everything that was happening yesterday? >> i was shocked when we went into the conference at 7:45 and the speaker, after offering this serenity prayer, said merry christmas, you're going home, we're not putting the vote up, we don't have the votes. i was disappointed, quite frankly. >> really? is it overstating it to say that, you know, some people characterize it that the president was not accepting the surrender of the gop anyway, so why not keep fighting? >> we needed to strengthen the speaker's hand in negotiations and i think by saying and reiterating that we didn't want taxes to go up by 98.1% of the population i think is a strong statement for us to go. we had -- would be moving one of the rates, and i think that that was a concession on our maert and i was disappointed we weren't able to send that over to the senate and say to them, all right. your turn. >> yeah, i know. but all these games. everybody knew the senate wouldn't take it up. the president promised he
of the processors and storage. by the way in storage there's something called moore's law in processing, storage the greater change is double every nine months than 18 months. twice the rate. so but the point is in the technology world you have to think about the companys producing innovation not producing products and services in order to stay ahead of the curve. >> jonathan, you want to pick up on this? >> i'm sorry. i'm a philosopher. i don't know how to innovate. and what strikes me about innovation, of course, is that -- this is something the president gave us a good example a few minutes ago, retroviruses and basic medical science turned into very important, as part of the treatment, and understanding of hiv-aids. years later. if you think of the internet it was packet switching, then turned into the internet and finally the web. there's a myth about americans that we only care about application n fact we are the most effective basic science producers in history. now, the founders, to use an overused cliche, had innovation in their d.n.a. the articles of confederation required standards of
liver moore and this was precell phone day. remember the pagers? and i paged lowell wood. he was in washington and he -- within an hour he was sitting in my office. electromagnetic pulse. we have only one brief experience with it in our country. and that was in 1962 and johnston island, the only time we ever debt nailted a weapon above the atmosphere. we had no idea what would happen. it produced an electromagnetic pulse because a lot of disturbances in hawaii which is about 800 miles away. the soviets had a lot more experience than we. they actually developed -- we designed them but never built them, enhanced e.m.p. weapons. a single large nuclear -- i shouldn't say that. because it doesn't have to be a large bomb. because it could be a relatively small bomb that's e.m.p.-enhanced. a single appropriately bomb detonated three miles high over nebraska or iowa would prank et our whole country and -- blanket our whole country and if the e.m.p. lay down was robust enough, it would essentially fry all of our microelectronics. the grid would be down for a year or more. and your car
Search Results 0 to 6 of about 7 (some duplicates have been removed)

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